Investments

• Monday, July 2nd 2012 - 05:28 UTC

  Brazil’s Vale gets green light for largest ever iron ore mining project

  

  The world's number two mining company, Brazil’s Vale Doce said it received an environmental license to build its biggest-ever iron ore mine, an Amazon region project that holds about one trillion dollars of reserves at current prices.

• Saturday, June 30th 2012 - 03:59 UTC

  YPF stock trades normally at NYSE after complying with requirements

  

  Argentine seized YPF energy company informed on Friday that its American Depositary Shares (ADS) were listed back in to trade in New York after being de-listed for almost two months for not complying with auditory regulations.

• Friday, June 29th 2012 - 03:00 UTC

  Uruguay’s project for a deepwater port on the Atlantic takes off

  

  Uruguay’s government is going forward with plans to build its first deepwater port along the Atlantic coastline in a place called “La Angostura”, an investment estimated in over 700 million dollars and which it wants to use as a platform to begin exporting iron-ore to China.

• Friday, June 29th 2012 - 01:24 UTC

  China offers 15 billion dollars for infrastructure and better trade terms with Latin America

  

  China has offered to set up a 10 billion dollars credit line for Latin American countries to support infrastructure projects in the region. The proposal was made by China's Premier Wen Jiabao as he wrapped up his visit to the region with a conference at the UN Economic Commission for Latin America and Caribbean, ECLAC, main offices in Santiago de Chile.

• Wednesday, June 27th 2012 - 16:04 UTC

  Falkland Oil & Gas confirms Italian/French partner for drilling in South Atlantic

  

  London AIM listed Falkland Oil & Gas (FOGL) said Italian utility Edison International Spa was its new partner, bringing in a large, non-British company to help it look for hydrocarbons in the Falkland Islands.

• Tuesday, June 26th 2012 - 06:32 UTC

  Argentina/China sign a raft of agreements to boost trade and investment

  

  Argentina signed with China a raft of mostly farm-related agreements at a ceremony on Monday in Buenos Aires attended by Chinese Premier Wen Jiabao and his Argentine president Cristina Fernandez.

• Wednesday, June 20th 2012 - 06:19 UTC

  Brazilian bank purchases 3.6% stake in nationalized YPF

  

  Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.

• Tuesday, June 19th 2012 - 23:56 UTC

  Argentina invites Russia’s Gazprom to consider investing in YPF operations

  

  The technical teams of Argentine nationalized hydrocarbon companies YPF and Russia’s Gazprom will begin to do joint work in the area, said Foreign Minister Héctor Timerman

• Tuesday, June 19th 2012 - 23:23 UTC

  Slim downplays meaning of YPF shares deal: “it was the exercise of a financial guarantee”

  

  Carlos Slim Domit, son of tycoon Carlos Slim who recently acquired 8.4% of the shares of YPF oil company, confirmed on Monday that their arrival “was not a share purchase but the exercise of a financial guarantee,” which they have been working on in the last four years.

• Tuesday, June 19th 2012 - 05:57 UTC

  Canadian company buys gold-silver mines in Santa Cruz, Argentine Patagonia

  

  Canada’s Yamana Gold Inc. plans to buy Extorre Gold Mines Ltd. in a cash-and-stock deal valued at 403.6 million dollars, the companies announced Monday.